Edmond DE Rothschild Holding S.A. Buys New Position in IAMGOLD Co. (NYSE:IAG)

Edmond DE Rothschild Holding S.A. bought a new position in shares of IAMGOLD Co. (NYSE:IAG - Free Report) TSE: IMG during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 99,786 shares of the mining company's stock, valued at approximately $515,000.

A number of other institutional investors have also recently modified their holdings of IAG. The Manufacturers Life Insurance Company raised its position in IAMGOLD by 3.9% during the third quarter. The Manufacturers Life Insurance Company now owns 471,617 shares of the mining company's stock worth $2,474,000 after acquiring an additional 17,891 shares during the period. FMR LLC raised its position in shares of IAMGOLD by 107.9% during the 3rd quarter. FMR LLC now owns 8,819,600 shares of the mining company's stock worth $46,174,000 after purchasing an additional 4,577,599 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in IAMGOLD by 368.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,521,670 shares of the mining company's stock valued at $7,772,000 after buying an additional 1,196,564 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in IAMGOLD by 10.8% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 109,558 shares of the mining company's stock valued at $575,000 after buying an additional 10,715 shares in the last quarter. Finally, Verition Fund Management LLC acquired a new stake in IAMGOLD in the 3rd quarter worth about $114,000. 47.08% of the stock is currently owned by institutional investors and hedge funds.

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IAMGOLD Trading Down 13.7 %

IAMGOLD stock traded down $0.90 during mid-day trading on Friday, hitting $5.64. The company's stock had a trading volume of 16,359,492 shares, compared to its average volume of 9,798,670. IAMGOLD Co. has a 1 year low of $3.44 and a 1 year high of $6.69. The company has a current ratio of 0.89, a quick ratio of 0.61 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $3.23 billion, a PE ratio of 3.89 and a beta of 1.52. The stock's fifty day moving average is $6.04 and its two-hundred day moving average is $5.62.

IAMGOLD (NYSE:IAG - Get Free Report) TSE: IMG last issued its quarterly earnings data on Thursday, February 20th. The mining company reported $0.10 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.15 by ($0.05). IAMGOLD had a return on equity of 10.64% and a net margin of 50.19%. The business had revenue of $469.90 million for the quarter, compared to analyst estimates of $498.68 million. On average, analysts anticipate that IAMGOLD Co. will post 0.67 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts recently commented on IAG shares. National Bank Financial raised IAMGOLD to a "strong-buy" rating in a research note on Friday, March 21st. Raymond James raised shares of IAMGOLD from a "strong sell" rating to a "hold" rating in a research note on Monday, February 3rd. StockNews.com cut shares of IAMGOLD from a "buy" rating to a "hold" rating in a research note on Thursday, February 27th. Finally, CIBC reissued an "outperform" rating on shares of IAMGOLD in a research note on Thursday, March 20th. Four analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, IAMGOLD presently has an average rating of "Moderate Buy" and an average target price of $6.90.

IAMGOLD Company Profile

IAMGOLD Corporation, through its subsidiaries, operates as an intermediate gold producer and developer in Canada and Burkina Faso. It owns 100% interest in the Westwood project that covers an area of 1,925 hectare and located in Quebec; a 60% interest in the Côté gold project, which covers an area of 596 square kilometer located in Ontario, Canada; and a 90% interests in the Essakane project that covers an area of 274,000 square kilometer situated in Burkina Faso.